\begin{table}[htbp]\centering
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\caption{Law of motion for the U.S.}
\begin{tabular}{l*{3}{c}}
\hline\hline
          &\multicolumn{1}{c}{(1)}&\multicolumn{1}{c}{(2)}&\multicolumn{1}{c}{(3)}\\
          &\multicolumn{1}{c}{$log(M\_{i,t})$}&\multicolumn{1}{c}{$log(M\_{i,t})$}&\multicolumn{1}{c}{$log(M\_{i,t})$}\\
\hline
$\Delta log(sal\_{i,t+1})$&   -0.163\sym{***}&    0.083         &    0.166\sym{**} \\
          &  (0.010)         &  (0.085)         &  (0.083)         \\
[1em]
$log(M\_{i,t+1})$&    0.833\sym{***}&    1.075\sym{***}&    1.078\sym{***}\\
          &  (0.006)         &  (0.006)         &  (0.006)         \\
\hline
\(R^{2}\) &    0.729         &    0.622         &    0.551         \\
Year FE   &      Yes         &      Yes         &      Yes         \\
Industry FEs&      Yes         &       No         &      Yes         \\
Method    &      OLS         &   IV-GMM         &   IV-GMM         \\
\(N\)     &   145700         &   145700         &   145700         \\
\hline\hline
\multicolumn{4}{l}{\footnotesize $*p < 0.10, ** p < 0.05, *** p < 0.01$; standard errors are clustered at the firm-level.}\\
\end{tabular}
\end{table}
